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Tax Credit

First time home buyer tax credit extended to April 2010

The U.S. Congress took steps to help first time home buyers by extending the tax credit for buying a home which simultaneously gave a boost to the ailing real estate industry.

HAP tax exemption and first time home buyer tax credit for veterans

Veterans are set to benefit from a couple of provisions currently under consideration in the Congress. One such provision is the extension of the first time home buyer tax credit by one year and another is the HAP tax exemption or exemption of taxes for certain housing assistance payments (HAP).

California homebuyer tax credit extended

California Governor Arnold Schwarzenegger signed legislation to provide a tax credit to Californians who are buying their first home or purchasing a brand new home.

Recent Tax Credit News

House hearing on first time home buyer tax credit
Many in the housing industry are urging Congress to extend the first time home buyer tax credit for an additional year and to make it available to all
$2.3 billion in tax credits to manufacturers of clean energy equipment
The main goals of the tax credits are to increase economic development and set the country on the path to energy independence.
$15,000 first time home buyer tax credit proposed
Home buyer Tax Credit Act of 2009 would replace the current tax credit for first time home buyers with a one-time credit for 10% of the purchase price